Wesco International Announces Appointment of Two New Independent Directors

Wesco International (NYSE: WCC) announced that its Board unanimously approved the appointment of two independent directors, Michael L. Carter and David C. Wajsgras, effective January 1, 2026.

Rhea-AI Summary

Wesco International (NYSE: WCC) announced that its Board unanimously approved the appointment of two independent directors, Michael L. Carter and David C. Wajsgras, effective January 1, 2026. Carter's background includes executive roles at Truist and RBC Capital Markets and an MBA from Harvard; Wajsgras is a former CEO of Intelsat and serves on the boards of Parsons and Martin Marietta, holding an MBA from American University.

Two current directors, Bobby Griffin and Steve Raymund, are expected to retire at the end of their terms in May 2026. Management cited the appointees' capital markets, M&A, CEO and CFO experience as complementary to Wesco's strategy.

Positive

• Two independent directors appointed effective Jan 1, 2026
• Michael Carter: three decades of capital markets experience
• David Wajsgras: former CEO of Intelsat and public-company director

Negative

• Two current directors expected to retire in May 2026
• Board turnover may reduce continuity through the May 2026 term end

Argus Dec 8 session

-1.36% close to close Open Argus

Details

News Market Reaction – WCC

On Dec 8, the day this news came out, WCC closed 1.36% below the previous close.

Data tracked by StockTitan Argus for the Dec 8 session.

Key Figures

Effective date: January 1, 2026 Director retirements: May 2026

Effective date

January 1, 2026

Start date for two new independent directors

Director retirements

May 2026

Expected retirement timing for two current directors

Historical Context

5 past events · Latest: Dec 08

5 events

1. Dec 08

   Board changes

   24h Move

   -1.4%

   Appointment of two independent directors and planned 2026 retirements.

2. Dec 01

   Dividend declaration

   24h Move

   +0.1%

   Announced $0.45375 quarterly dividend and reiterated scale of operations.

3. Oct 30

   Earnings results

   24h Move

   +10.5%

   Record Q3 2025 sales, EPS growth, and raised full-year guidance.

4. Oct 16

   Strategic investment

   24h Move

   -0.2%

   Invested $10M in Kojo to deepen AI-driven materials partnership.

5. Oct 09

   Earnings call notice

   24h Move

   -1.0%

   Scheduled Q3 2025 earnings conference call and webcast details.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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PITTSBURGH, Dec. 8, 2025 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its Board of Directors has unanimously approved the appointment of two new independent directors, Michael L. Carter and David C. Wajsgras, effective January 1, 2026. 

Mr. Carter currently serves as Executive Vice President and Chief Partner Officer of Truist Financial Corporation and previously led Corporate and Investment Banking at Truist Securities. He joined Truist in 2021 after serving as Managing Director and Global Head of Technology Investment Banking at RBC Capital Markets, as well as earlier leadership roles at other global investment banking firms. He holds an MBA from Harvard Business School and a BA from Washington University in St. Louis.

Mr. Wajsgras is the former Chief Executive Officer of Intelsat Holdings S.A. and currently serves as a director of Parsons Corporation and Martin Marietta Materials, Inc.  Previously, he led Raytheon's Intelligence, Information and Services business and earlier served as Raytheon's Senior Vice President and Chief Financial Officer, following executive roles at Lear Corporation, AlliedSignal, and others.  He holds an MBA from American University and a BS from the University of Maryland.

"We are very pleased to welcome Michael and Dave to our Board," said John Engel, Chairman, President and CEO of Wesco. "Michael brings three decades of capital markets expertise with an extensive background in mergers and acquisitions, investment banking and corporate finance. Dave is an experienced CEO and CFO who brings deep global expertise in industrial, communications and technology-driven infrastructure sectors. Their perspectives will be invaluable as we continue to execute our Wesco strategy and drive long-term value for our customers and shareholders."

Two current directors, Bobby Griffin and Steve Raymund, are expected to retire in May 2026 at the end of their current terms. 

Mr. Engel added, "On behalf of our Board of Directors and our entire Wesco team, I would like to thank Bobby and Steve for their dedicated service and innumerable contributions to our success. Their guidance and expertise have been instrumental in advancing our strategy, strengthening our governance, and delivering value to all our stakeholders. We extend our very best wishes to them and their families."

About Wesco International

Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annual sales in 2024 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact Information:

Scott Gaffner
Senior Vice President, Investor Relations
Scott.gaffner@wescodist.com

Jennifer Sniderman
Vice President, Corporate Communications
Jennifer.sniderman@wescodist.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wesco-international-announces-appointment-of-two-new-independent-directors-302635320.html

SOURCE Wesco International

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who are the new directors joining Wesco (WCC) and when do they start?

Wesco appointed Michael L. Carter and David C. Wajsgras, effective January 1, 2026.

What are Michael Carter's qualifications for the Wesco board (WCC)?

Carter serves as EVP and Chief Partner Officer at Truist, previously led technology investment banking at RBC, and holds an MBA from Harvard.

What is David Wajsgras's background for the Wesco board (WCC)?

Wajsgras is former CEO of Intelsat, previously led Raytheon business units, and serves on Parsons and Martin Marietta boards.

Which Wesco (WCC) directors are retiring and when will they leave?

Directors Bobby Griffin and Steve Raymund are expected to retire at the end of their terms in May 2026.

How did Wesco describe the value the new directors bring to shareholders (WCC)?

Management said the appointees add capital markets, M&A, CEO and CFO experience to support Wesco's strategy and long-term shareholder value.